Business Law II

Course Number

MGT 252

Credits

3

Lab Hours

0

Lecture Hours

45

Course Description

Prerequisite: ENG 111 or OAT 151 either with a minimum grade of "C", and MGT 251 or permission of instructor. This course provides a continued study of court systems, with emphasis in specialized areas of business law including sales law, commercial paper law, secured transactions and bankruptcy law, real property law and corporation law. The Uniform Commercial Code and recent consumer protection legislation are stressed. (45-0)

Outcomes and Objectives

Demonstrate a general knowledge of sale of goods under the Uniform Commercial Code.Objectives:

Describe how the Code treats a sale of goods as a unique contractual agreement, different from traditional contract law.

List points of difference between general contract law and the law of sales.

State when a contract for the sale of goods must be evidenced by a writing.

List and explain the exceptions to the requirement that certain contracts be evidenced by a writing.

Define and state the purpose of the United Nations Convention on Contracts for the International Sale of Goods.

State the distinguishing features of a consumer lease and a finance lease.

Describe the timing of passage of title and risk of loss in sale of goods transaction.Objectives:

State when title and risk of loss pass with respect to goods.

State who bears the risk of loss when goods are damaged or destroyed.

Classify transactions in which the person dealing with the seller may return the good.

Describe contrasting views of courts as to when a sale occurs in a self-service store.

Demonstrate an understanding of delivery terms in a contract for the sale of goods under the Uniform Commercial Code.Objectives:

Describe the rights afforded a party when it appears that the other party in the contract will not perform.

State what steps can be taken by a party to a sales contract who feels insecure.

State the obligations of the seller and the buyer in a sales contract.